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SKYWEST INC Director's Dealing 2009

Feb 5, 2009

31149_dirs_2009-02-05_cf131341-089a-4b82-bcfd-098ced82f989.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYWEST INC (SKYW)
CIK: 0000793733
Period of Report: 2009-02-04

Reporting Person: Childs Russell A (President of Subsidiary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-02-04 Common A 8504 Acquired 15423 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-02-04 Options (right to buy) $15.24 A 51024 Acquired 2016-02-04 Common (51024) Direct

Footnotes

F1: 8504 restricted shares issued February 4, 2009, pursuant to the 2006 long-term incentive plan, that vest in three years.

F2: Includes 2200 restricted shares that vest on May 8, 2009, 2207 restricted shares that vest on February 6, 2010; 2512 restricted shares that vest on February 6, 2011; and 8504 restricted shares that vest on February 4, 2012.